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1912/1914/ 1916/1918/1911/1913/1915/1917 Lane, Cypress, Cleveland, TN 37323

Bradley County · Multi Family
$2,200,000
Bedrooms
24
Living area
12,160 sqft
Acreage
0.57 acres
Year built
2025
Property type
Multi Family
County
Bradley
MLS number
1542141

About this property

Don't miss out on this rare opportunity to acquire eight townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $14,000 in gross monthly rental income--$168,000 annually--providing immediate cash flow from day one.

The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments.

Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area.

With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions.

Investment Highlights: 8 townhomes • 2 buildings • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $14,000/month gross rental income • Approximately $168,000/year gross rental income • Low HOA dues • Exterior maintenance covered by HOA • Convenient to shopping, banking, amenities, and highway access.

Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same.

Seller is willing to sell by the building (4 townhomes, see other listing) at 1.1M

Property details4 groups

Utilities

Water
Public
Sewer
Public Sewer
Utilities
Electricity Connected, Sewer Connected, Water Connected
Heating
Central
Cooling
Central Air

Construction

Construction
Concrete, HardiPlank Type
Roof
Shingle
Flooring
Luxury Vinyl
Levels
Two
Basement
None

Land and access

Lot features
Paved
Road surface
Asphalt
Parcel number
066h B 025.00
Annual taxes
$17,248 a year

Schools

Elementary school
Blythe-Bower Elementary
Middle school
Cleveland Middle
High school
Cleveland High

Information deemed reliable but not guaranteed.